The president of Algeria, Abdelkader Bensalah, signed the Finance Act 2020 into Law, on 11 December 2019, during a Council of Ministers he chaired. The Law includes tax incentives like profit tax and VAT exemptions for start-ups corporations and for new high technologies, creating economic zones for providing tax incentives and eliminating the 51%/49% rule for foreign investment in Algeria, particularly for non-strategic sector. Under the Act, the effective withholding tax rate on computer software payment is increased from 4.8% to 16.8%.
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